From: "Charles E. Hickman" <hickmanc@bellsouth.net>
Subject: Treasurer's Report
To: <r3-excom2002@ieee.org>
Date: Fri, 11 Jan 2002 17:03:18 -0600


FINANCE COMMITTEE/TREASURER'S REPORT
  Charles E. Hickman

The general revenues and disbursements in 2001 for Region 3 were
almost equal, with a deficit of $976. The major income sources were
the rebate ($66,200), PACE funds ($14,543), and proceeds from
SoutheastCon2000 and SoutheastCon2001 ($14,100). Interest income
from two accounts was $7,049. It should be noted that the total assets
were augmented by $55,000 transferred to Region 3 from Southcon.
Through November, the Long Term Investment account had decreased
by $6,143.

Major expenses included travel ($38,278), student activities ($9,946)
and publications ($9,890). A number of other activities had significant
expenses, but these expenses were offset by various sources of income.
For example, income for the Scout Jamboree since 1999 was $32,000
and expenses were $30,200. PACE Workshop expenses are balanced
by IEEE-USA funds.

The proposed 2002 budget has been prepared and submitted to Excom
members for consideration. The Finance Committee will continue to
monitor the Region 3 financial performance against the budget. Financial
policies and procedures concerning Region 3 operations will be formulated
as deemed necessary and submitted to Excom for consideration.